Create Leave Payout Timesheets

Use the Create Leave Payout Timesheets screen to generate a type L-payout timesheet for payout of leave balances for employees who terminated within the selected leave cycle and for whom no type L-payout timesheets exist.

This type L-payout timesheet is similar to a type R (Regular) timesheet, and payout is included in the employee's next paycheck that corresponds with the employee's timesheet date.

Costpoint processes the type L-payout timesheets according to the leave period assignment and termination date found on the Manage Employee Information screen. The leave type defines the proper accrual or expense and project account, if applicable, for the timesheet as outlined on the Configure Leave Types screen. If you selected the Eligible for Leave Payout Upon Termination check box (and the Payout Pay Type field is populated) on the Manage Leave Types screen, the employee(s) who are assigned this leave type are eligible for leave payout processing in accordance with the settings in this screen. You can select the appropriate pay type for each leave type indicated. The leave cycle end date that you select cannot exist on the View Leave History screen with a LVA Journal code.

You can compute and report multi-state withholding taxes, based on the regulations specific to each state.

Use this screen after entering all current termination data on the Manage Employee Information screen and before computing payroll.